Q2 has surpassed expectations, with more than £800m of capital committed by mid-June and more than £250m worth of deals expected to close by the end of the quarter
Activity is spread far and wide with deals in Edinburgh, Reading, Milton Keynes, Southampton demonstrating the strength of investor interest across the UK. Yields continue to strengthen in regional markets outside the top cities
Joint ventures, platforms and access to land will remain a key theme going forward with the current marketing of Quintain’s Wembley Park business, USS and Places for People revealing their JV and Ballymore making a positive announcement to use Build to Rent as a sales exit for a proportion its London pipeline. The property press has also reported that British Land is considering acquiring an interest in Fizzy Living.